5. General powers of the Corporation

Subject to the provisions of this Act and any other written law, the Corporation shall have the power—

to acquire and hold any property movable or immovable which may become vested in it by virtue of any purchase, grant, gift, testamentary disposition or otherwise ;

to sell, mortgage, lease, exchange or otherwise dispose of any such property ;

to appoint, employ, remunerate, exercise disciplinary control over and dismiss, such officers and servants as may be neccessary for the purpose of carrying out the objects of the Corporation ;

to receive grants, gifts or donations in cash or kind whether from local or foreign sources ;

to open, maintain, operate and close bank accounts and to borrow or raise money with or without security ;

to invest moneys belonging to the Corporation in such securities as may be determined by the Executive

to do all such other acts and things as are incidental or conducive to the carrying out of the objects of the